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219-663-5120
10951 Broadway
Crown Point, IN 46307

Tech Credit Union is headquartered in Crown Point and is the 20th largest credit union in the state of Indiana. It is also the 646th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 105 employees and 37,810 members. Tech Credit Union's savings rates are 83% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live or work in Jasper County, Lake County, Newton County or Porter County in Indiana or Greater Calumet City, Joliet, Crest Hill, Plainfield, Grundy County or Will County in Illinois. Also open to employees of several Corporate Member Groups. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Tech Credit Union had $1.63 million in non-current loans and owned real-estate with $27.1 million in equity and loan loss allowances on hand to cover it. This gives Tech Credit Union a Texas Ratio of 6.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Tech Credit Union experienced no significant changes from 3.06% as of March 31, 2013 to 6.03% as of March 31, 2014, resulting in a negative change of 97.03%. This indicates that the balance sheet and financial strength for Tech Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Tech Credit Union has increased its total deposits by $4.89 million, resulting in 1.64% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Tech Credit Union has shown is above average.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Tech Credit Union has $331.6 million in assets with $27.1 million in equity, resulting in a capitalization level of 8.17%, which is average.

Institution Statistics

Overall
NCUA #68225
Year Chartered1936
Employees105
Primary Regulator
Assets and Liabilities
Assets$331.60 million
Loans$183.47 million
Deposits$302.78 million
Equity Capital$25.94 million
Loan Loss Allowance$1.16 million
Unbacked Noncurrent Loans$1.54 million
Real Estate Owned$91,000
Historic Data - March 2013
Assets$326.46 million
Equity Capital$25.76 million
Loan Loss Allowance$1.26 million
Unbacked Noncurrent Loans$1.54 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1%
Return on Assets-0.13%
Return on Equity-1.62%
Interest Income$2.21 million
Rates
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Tech Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.95%--Individual Retirement Account
0.95%--Education Savings Account
0.95%--Roth Individual Retirement Account
0.15%$50k-Health Savings Account
0.10%--Christmas Club
0.10%--Special Savings
0.10%--Preference Savings

Tech Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Premier Money Market
0.15%$50k-Money Market Savings

Tech Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.64%$1k-48 Month Bump Premium with e-Statement Compound CD
1.59%$1k-36 Month Premium with e-Statement Compound CD
1.51%$100k-48 Month Bump Jumbo Compound CD
1.50%$100k-48 Month Bump Jumbo CD
1.38%$1k-48 Month Bump Premium CD
1.38%$1k-48 Month Bump Premium Compound CD
1.33%$1k-36 Month Premium Compound CD
1.32%$1k-36 Month Premium CD
1.26%$1k-48 Month Bump Compound CD
1.25%$1k-48 Month Bump CD
1.21%$1k-36 Month Compound CD
1.20%$1k-36 Month CD
0.98%$1k-18 Month Premium with e-Statement Compound CD
0.78%$1k-12 Month Premium with e-Statement Compound CD
0.73%$1k-18 Month Premium CD
0.73%$1k-18 Month Premium Compound CD
0.65%$100k-12 Month Jumbo CD
0.65%$100k-12 Month Jumbo Compound CD
0.60%$1k-18 Month CD
0.60%$1k-18 Month Compound CD
0.58%$1k-26 Week Premium with e-Statement Compound CD
0.53%$1k-91 Day Premium with e-Statement Compound CD
0.53%$1k-12 Month Premium CD
0.53%$1k-12 Month Premium Compound CD
0.45%$100k-26 Week Jumbo CD
0.45%$100k-26 Week Jumbo Compound CD
0.40%$1k-12 Month CD
0.40%$100k-91 Day Jumbo CD
0.40%$100k-91 Day Jumbo Compound CD
0.40%$1k-12 Month Compound CD
0.33%$1k-26 Week Premium CD
0.33%$1k-26 Week Premium Compound CD
0.28%$1k-91 Day Premium CD
0.28%$1k-91 Day Premium Compound CD
0.20%$1k-26 Week CD
0.20%$1k-26 Week Compound CD
0.15%$1k-91 Day CD
0.15%$1k-91 Day Compound CD

Tech Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.21%--36 Month Individual Retirement Account
Locations


Tech Credit Union Locations
Branch Office7901 Grant StMerrillville, IN 46410-8529
Branch Office10951 BroadwayCrown Point, IN 46307
Branch Office2155 W Ridge RdGary, IN 46408-2056
Branch Office2244 Weber RdCrest Hill, IL 60403-0928
Branch Office370 Morthland DrValparaiso, IN 46383
Branch Office2310 E Columbus DrEast Chicago, IN 46312-2807
Branch Office1800 E Commercial AveLowell, IN 46356-2113
Branch Office1011 River Oaks DrCalumet City, IL 60409